It will affect the use of other credit cards.

What impact will suspension of credit card interest rates have on your credit report?

1. Applying for a suspended interest rate account is a breach of contract. When applying for bank loans and credit cards in the future, the possibility of being rejected is very high.

2. If there is a suspended payment on the credit report, it means that the customer's repayment ability is insufficient. It is impossible to apply for a credit card limit increase, and the credit card limit may be reduced.

3. After handling the suspension of interest payment, you must repay the loan in full and on time, otherwise it will be overdue and you will be charged and sued by the bank.

What are the consequences of suspending the account?

1. It may cause the user to be rejected for credit business in the future. Because suspended accounts are considered untrustworthy customers in banks, if the bank sees that there are unprocessed suspended accounts in the user's personal credit report when reviewing the user's personal qualifications, it is likely to doubt the user's repayment ability and reject the user's application. Loan application.

2. Impact on credit reporting. Suspended accounts are handled when they are overdue, which will leave a stain on the credit report. In addition, although interest is not required to be paid during the period of suspended accounts, part of the principal and handling fees must be repaid every month in accordance with the agreement. If the user fails to comply with the agreement, If you agree to repay the loan on time, it will also be regarded as overdue, which will further affect the user's credit score. At the same time, the bank will also collect debts from the user.

3. Credit card limit cannot be increased. After handling the suspension of interest payment, the bank will consider that the user does not have sufficient repayment ability and the borrowing risk is high, and will not allow the user to increase the amount.

Legal basis:

"Measures for the Supervision and Administration of Credit Card Business of Commercial Banks"

Article 70

Under special circumstances, confirm If the credit card debt amount exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement.